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Yemen's Houthi rebels attacked an oil depot on Friday in the Saudi city of Jiddah ahead of a Formula One race in the kingdom. It was the rebels' highest-profile assault yet, though Saudi authorities pledged the upcoming grand prix would go on as scheduled.
The attack targeted the same fuel depot that the Houthis had attacked in recent days, the North Jiddah Bulk Plant that sits just southeast of the city's international airport and is a crucial hub for Muslim pilgrims heading to Mecca. No injuries were reported in the attack.
The Saudi Arabian Oil Co, known as Saudi Aramco, did not immediately respond to a request for comment. Saudi authorities acknowledged a “hostile operation” by the Houthis targeting the depot with a missile.
In Yemen, Saudi Arabia leads a coalition battling the Iran-backed Houthis, who seized Yemen's capital of Sanaa in September 2014. The kingdom, which entered the war in 2015, has been internationally criticized for its airstrikes killing that have killed scores of civilians - something the Houthis point to as they launch drones, missiles and mortars into the kingdom.
Brig Gen Turki al-Malki, a spokesman for the Saudi-led coalition, said the fire damaged two tanks and was put out without injuries.
"This hostile escalation targets oil facilities and aims to undermine energy security and the backbone of global economy," al-Malki said, according to the state-run Saudi Press Agency. “These hostile attacks had no impact or repercussions in any way, shape or form on public life in Jiddah.” British Prime Minister Boris Johnson condemned the Houthi attacks on Twitter. “These strikes put civilian lives at risk and must stop,” he wrote.

WATCH: raging fire at an oil depot in Saudi Arabia after Houthi attack

Yemen's Houthi rebels attacked an oil depot on Friday in the Saudi city of Jiddah ahead of a Formula One race in the kingdom.

Captions:&nbsp;
Yemen's Houthi rebels attacked a Saudi oil depot
No injuries were reported in the attack
Officials: two oil tanks damaged in the fire

The attack targeted the same fuel depot that the Houthis had attacked in recent days, the North Jiddah Bulk Plant that sits just southeast of the city's international airport

Yemen's Houthi rebels attacked an oil depot on Friday in the Saudi city of Jeddah ahead of a Formula One race in the kingdom. It was the rebels' highest-profile assault yet, though Saudi authorities pledged the upcoming grand prix would go on as scheduled.
The attack targeted the same fuel depot that the Houthis had attacked in recent days, the North Jiddah Bulk Plant that sits just southeast of the city's international airport and is a crucial hub for Muslim pilgrims heading to Mecca. No injuries were reported in the attack.
The Saudi Arabian Oil Co, known as Saudi Aramco, did not immediately respond to a request for comment. Saudi authorities acknowledged a &ldquo;hostile operation&rdquo; by the Houthis targeting the depot with a missile.
In Yemen, Saudi Arabia leads a coalition battling the Iran-backed Houthis, who seized Yemen's capital of Sanaa in September 2014. The kingdom, which entered the war in 2015, has been internationally criticized for its airstrikes killing that have killed scores of civilians - something the Houthis point to as they launch drones, missiles and mortars into the kingdom.
Brig Gen Turki al-Malki, a spokesman for the Saudi-led coalition, said the fire damaged two tanks and was put out without injuries.
Also watch:&nbsp;<a href="https://www.editorji.com/world-news/war-in-yemen-the-poorest-arab-nation-who-are-houthis-and-why-is-saudi-coalition-fighting-them-1643028266812">War in Yemen, the poorest Arab nation: who are Houthis and why is Saudi coalition fighting them</a>
"This hostile escalation targets oil facilities and aims to undermine energy security and the backbone of global economy," al-Malki said, according to the state-run Saudi Press Agency. &ldquo;These hostile attacks had no impact or repercussions in any way, shape or form on public life in Jiddah.&rdquo;&nbsp;

Mukesh Ambani backed RIL has made a U-turn in it's decision to hive off their oil-to-chemical (O2C) business and thus also cancelling it's plan to sell 20% to Saudi Arabia's Aramco in the company. “RIL and Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business in light of the changed context,” RIL said in a statement late night on FridayWhat is the changed context? 
India's largest private sector company by market capitalisation is making forays into new energy business in recent months by investing $10 billion in alternative energy over three years. This new focus is taking the investment context away from the traditional biz of oil-to-chemical.So is the chapter with RIL-Aramco shut?No, Reliance stated that the two will make "future disclosures as appropriate,” on partnerships. The negotiation between RIL and Saudi Aramco may now include the new clean initiatives announced by the Mukesh Ambani led-company.
 

Reliance stock cracks 3% as $15 billion deal with Aramco stands cancelled

The $15 billiion deal between India's largest company by marketcap, RIL and the world's largest Oil company, Aramco stand cancelled. 

Reliance-Aramco to rework deal. O2C deal cancelled

<ul>
<li>Reliace-Aramco&nbsp;stake sale deal stand cancelled, RIL&nbsp;not to rejig&nbsp;business</li>
<li>RIL:&nbsp;Aramco have mutually determined to re-evaluate the investment</li>
<li>RIL&nbsp;likely to focus partnerships with Aramco&nbsp;in new energy business</li>
<li>Mukesh&nbsp;Ambani&nbsp;has committed $10 billion to new energy ventures of RIL</li>
<li>RIL: Aramco&nbsp;and Reliance to make future&nbsp;disclosures when appropriate</li>
</ul>

Reliance and Saudi Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business.&nbsp;

Mukesh&nbsp;Ambani&nbsp;backed RIL&nbsp;has made a U-turn in it's decision to hive off their oil-to-chemical&nbsp;(O2C) business and thus also cancelling it's plan to sell 20% to Saudi Arabia's Aramco&nbsp;in the company.&nbsp; &ldquo;RIL and Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business in light of the changed context,&rdquo; RIL said in a statement late night on Friday What is the changed context?&nbsp;
India's largest private sector company by market capitalisation is making forays into new energy business in recent months by investing $10 billion in alternative energy over three years. This new focus is taking the investment context away from the traditional biz of oil-to-chemical. So is the chapter with RIL-Aramco shut? No, Reliance stated that the two&nbsp;will make "future disclosures as appropriate,&rdquo; on partnerships.&nbsp;The negotiation between RIL and Saudi Aramco may now include the new clean initiatives announced by the Mukesh Ambani led-company.
&nbsp;

Mukesh Ambani's Reliance Industries is in talks to sell 20% stake in oil-to-chemical segment to oil giant Aramco&nbsp;for $ 25 billion dollars as per Bloomberg. Reports indicate that&nbsp;Aramco&nbsp;is said to be in talks for all-stock deal for a stake in&nbsp; Reliance unit stake.As per reports an agreement could be reached in the coming weeks.&nbsp;On the occasion of Reliance&rsquo;s 44th Annual General Meeting (AGM) on June 24, RIL board had approved the appointment of Yasir O. Al-Rumayyan, as an additional director of the company, designated as an independent directorIn 2019, Reliance announced the sale of a 20% stake to Saudi Aramco, the world's top oil exporting company. But the deal could not progress in 2020 after the oil price crash and demand destruction caused by the pandemic, which saw Aramco tighten its belt.&nbsp;

Reliance stock soars on reports of $ 25 billion Aramco Deal

It's finally here! Reliance stock soars on reports of $25 billion Aramco Deal to be announced as early as this month.&nbsp;

Reliance stock soars on reports of $25 billion Aramco Deal

In 2019, Reliance announced the sale of a 20% stake to Saudi Aramco, the world's top oil exporting company

Mukesh Ambani's Reliance Industries is in talks to sell 20% stake in it's oil-to-chemical segment to oil giant Aramco&nbsp;for $ 25 billion as per Bloomberg. Reports indicate that&nbsp;Aramco&nbsp;is said to be in talks for all-stock deal for a stake in Reliance's unit stake.As per reports an agreement could be reached in the coming weeks.&nbsp;
Also watch:&nbsp;<a href="https://www.edtr.ai/9nev" target="_blank">Aramco chief steps into Reliance board</a> On the occasion of Reliance&rsquo;s 44th Annual General Meeting (AGM) on June 24, RIL board had approved the appointment of&nbsp;Saudi Aramco chairman&nbsp;Yasir O. Al-Rumayyan, as an additional director of the company, designated as an independent director In 2019, Reliance announced the sale of a 20% stake to Saudi Aramco, the world's top oil exporting company. But the deal could not progress in 2020 after the oil price crash and demand destruction caused by the pandemic, which saw Aramco tighten its belt.&nbsp;

RIL's&nbsp;44th AGM&nbsp;had the full star cast from the Reliance Group from Mukesh&nbsp;Ambani, Nita Ambani&nbsp;and next gen&nbsp;leaders Isha and Akash Ambani&nbsp;with the added bonus from Google Chief Sundar&nbsp;Pichai making a pit stop as well. Big announcements were expected and delivered here are the top 5-:

JioPhone&nbsp;Next: In an effort to make the country 2G-mukt, Mukesh&nbsp;Ambani&nbsp;finally announced that&nbsp;the much awaited affordable smartphone&nbsp;developed by Google and Jio&nbsp;will be available as early as September 10.&nbsp;Reliance also extends it's partnership with Google for 5G solutions over Google's cloud biz
New Energy Biz: With a promise to transform the legacy business into a net-zero carbon company, Mukesh&nbsp;Ambani&nbsp;launched Dhirubhai Green Energy Giga Complex in Jamnagar with an investment commitment of Rs 75,000 cr over 5 years. RIL's&nbsp;aim to shift to green energy that is as Ambani&nbsp;said "Made in India, By India and For India."
Aramco&nbsp;Deal: Better late than never, two years after the announcement the promise of 20% stake sale to Aramco&nbsp;will be done this year said Mukesh&nbsp;Ambani. Along with the $15 billion deal Aramco&nbsp;also got a seat at the table&nbsp;Yasir Al Rumayyan, Chairman of the oil giant will join RIL's&nbsp;board.&nbsp;
Jio&nbsp;Institute: Despite the pandemic delays Jio&nbsp;Institute will open it's campus in Navi&nbsp;Mumbai to students&nbsp;this year itself announced Reliance Foundation chairperson Nita Ambani.&nbsp;
Jio&nbsp;Vaccine Booster: In a bid to promote vaccine for all Nita Ambani&nbsp;announced that the Jio&nbsp;Health Hub will be opened for all to register and expedite the mass vaccine drive across the country.&nbsp;


RIL AGM: 5 Big announcements made , Jio Phone, New Energy, Aramco and more

RIL's&nbsp;44th AGM&nbsp;had the full star cast from the Reliance Group from Mukesh&nbsp;Ambani, Nita Ambani&nbsp;and next gen&nbsp;leaders Isha and Akash Ambani&nbsp;with the added bonus from Google Chief Sundar&nbsp;Pichai making a pit stop as well. Big announcements were expected and delivered here are the top 5-:
<ul>
<li>JioPhone&nbsp;Next: In an effort to make the country 2G-mukt, Mukesh&nbsp;Ambani&nbsp;finally announced that&nbsp;the much awaited affordable smartphone&nbsp;developed by Google and Jio&nbsp;will be available as early as September 10.&nbsp;Reliance also extends it's partnership with Google for 5G solutions over Google's cloud biz</li>
<li>New Energy Biz: With a promise to transform the legacy business into a net-zero carbon company, Mukesh&nbsp;Ambani&nbsp;launched Dhirubhai Green Energy Giga Complex in Jamnagar with an investment commitment of Rs 75,000 cr over 5 years. RIL's&nbsp;aim to shift to green energy that is as Ambani&nbsp;said "Made in India, By India and For India."</li>
<li>Aramco&nbsp;Deal: Better late than never, two years after the announcement the promise of 20% stake sale to Aramco&nbsp;will be done this year said Mukesh&nbsp;Ambani. Along with the $15 billion deal Aramco&nbsp;also got a seat at the table&nbsp;Yasir Al Rumayyan, Chairman of the oil giant will join RIL's&nbsp;board.&nbsp;</li>
<li>Jio&nbsp;Institute: Despite the pandemic delays Jio&nbsp;Institute will open it's campus in Navi&nbsp;Mumbai to students&nbsp;this year itself announced Reliance Foundation chairperson Nita Ambani.&nbsp;</li>
<li>Jio&nbsp;Vaccine Booster: In a bid to promote vaccine for all Nita Ambani&nbsp;announced that the Jio&nbsp;Health Hub will be opened for all to register and expedite the mass vaccine drive across the country.&nbsp;</li>
</ul>

RIL's&nbsp;44th AGM&nbsp;had the full star cast from the Reliance Group from Mukesh&nbsp;Ambani, Nita Ambani&nbsp;and next gen&nbsp;leaders Isha and Akash Ambani&nbsp;with the added bonus from Google Chief Sundar&nbsp;Pichai making a pit stop as well. Big announcements were expected and delivered here are the top 5-:
<ul>
<li>JioPhone&nbsp;Next: In an effort to make the country 2G-mukt, Mukesh&nbsp;Ambani&nbsp;finally announced that&nbsp;the much awaited affordable smartphone&nbsp;developed by Google and Jio&nbsp;will be available as early as September 10.&nbsp;Reliance also extends it's partnership with Google for 5G solutions over Google's cloud biz</li>
<li>New Energy Biz: With a promise to transform the legacy business into a net-zero carbon company, Mukesh&nbsp;Ambani&nbsp;launched Dhirubhai Green Energy Giga Complex in Jamnagar with an investment commitment of Rs 75,000 cr over 5 years. RIL's&nbsp;aim to shift to green energy that is as Ambani&nbsp;said "Made in India, By India and For India."</li>
<li>Aramco&nbsp;Deal: Better late than never, two years after the announcement the promise of 20% stake sale to Aramco&nbsp;will be done this year said Mukesh&nbsp;Ambani. Along with the $15 billion deal Aramco&nbsp;also got a seat at the table&nbsp;Yasir Al Rumayyan, Chairman of the oil giant will join RIL's&nbsp;board.&nbsp;</li>
<li>Jio&nbsp;Institute: Despite the pandemic delays Jio&nbsp;Institute will open it's campus in Navi&nbsp;Mumbai to students&nbsp;this year itself announced Reliance Foundation chairperson Nita Ambani.&nbsp;</li>
<li>Jio&nbsp;Vaccine Booster: In a bid to promote vaccine for all Nita Ambani&nbsp;announced that the Jio&nbsp;Health Hub will be opened for all to register and expedite the mass vaccine drive across the country.&nbsp;</li>
</ul>

RIL AGM is undoubtedly the most watched date in the corporate calendar as&nbsp;3 million Reliance shareholders await&nbsp;Mukesh Ambani&nbsp;to talk about Jio, Aramco,&nbsp;Retail&nbsp;and the road ahead.&nbsp;So,&nbsp;what can one expect from India&rsquo;s largest company at&nbsp;it&rsquo;s&nbsp;44th&nbsp;AGM on June 24?&nbsp;&nbsp;Reliance: The Year That Was&nbsp;&nbsp;India&rsquo;s largest company displayed&nbsp;it&rsquo;s&nbsp;business grit to turn debt-free even in a pandemic. Keeping to his promise Mukesh Ambani steered Reliance into a zero-debt company by raising&nbsp;₹2.6 lakh crore ($36 billion); Reliance Retail raised Rs 47,265 crore for a 10.09%, while Jio Platforms garnered Rs 1.52 lakh crore from global investors including Google, Facebook and Intel.&nbsp;The stock of RIL has rallied 12.1 percent&nbsp;so far in 2021. In the last 12 months, it has&nbsp;climbed 34.4 percent.&nbsp;&nbsp;All Eyes on Aramco Deal&nbsp;Mukesh Ambani announced a possible stake sale&nbsp;of 20% in the oil-to-chemicals (O2C) business to Aramco but the deal remains delayed.&nbsp;Shareholders&nbsp;are expecting to hear details on the value unlocking as buzz increases that Aramco chief will get a seat on the RIL board&nbsp;&nbsp;&nbsp;The Jio Connect, 5G Phone &amp;&nbsp;JioBook&nbsp;Its&nbsp;all about the tech connect as Asia&rsquo;s richest man will look to sweep the market with a slew of announcements. Onlookers are keenly awaiting&nbsp;is Mukesh Ambani will finally launch the much talked about affordable 5G Android smartphone.&nbsp;During a virtual conference with select reporters from the Asia Pacific recently, Sundar Pichai mentioned that Google is working closely with the telecom giant to bring the promised "affordable" smartphone in India.&nbsp;&nbsp;Reliance Jio has already started trials on&nbsp;it&rsquo;s&nbsp;5G &ldquo;Made in India&rdquo; network&nbsp;is likely to announce kickstarting 5G services which might begin in late 2021.&nbsp;Tech watchers are also expecting the launch of the&nbsp;JioBook, the affordable laptop from the house of Reliance.&nbsp;&nbsp;&nbsp;Reliance&rsquo;s Rush&nbsp;For&nbsp;Retail&nbsp;&nbsp;Analysts at Goldman Sachs believe retail business (including e-commerce) is set to be the next growth engine for Reliance. They expect Reliance&rsquo;s core retail revenue to grow at a 36% CAGR over the next four years.&nbsp;JioMart&nbsp;is expected to launch new products like financial services, electronics to airline tickets which will put it in direct competition with upcoming Tata&nbsp;Superapp&nbsp;and other established players including&nbsp;PayTM, Amazon and Flipkart.&nbsp;&nbsp;Bonus Booster?&nbsp;Announcement over dividend declaration and bonus can also be expected in this AGM. Reliance likes to keep the market price of shares around ₹1,000 so the street anticipates it might get to see a 1:1 bonus announcement.&nbsp;&nbsp;How to watch the Reliance AGM 2021 live&nbsp;The annual general meeting of Reliance, whenever held physically in the last few years, marked the presence of at least 3,000 shareholders. In 2020, when it was held virtually, it witnessed 300,000 viewers across 42 countries and 468 cities, many of them using Reliance&rsquo;s own&nbsp;JioMeet video conferencing platform.&nbsp;&nbsp;&nbsp;

RIL AGM: Mukesh Ambani's lunch date with shareholders, on the menu Jio 5G phone, Aramco, bonus

RIL AGM&nbsp;countdown: Mukesh&nbsp;Ambani has a virtual lunch date with over 3 million shareholders , here is a look on what's on the menu of RIL's&nbsp;44th AGM&nbsp; #RILAGM&nbsp;#RelianceAGM&nbsp;#JioPhone&nbsp;#Aramco&nbsp;#MukeshAmbani

RIL AGM is undoubtedly the most watched date in the corporate calendar as&nbsp;3 million Reliance shareholders await&nbsp;Mukesh Ambani&nbsp;to talk about Jio, Aramco,&nbsp;Retail&nbsp;and the road ahead.&nbsp;So,&nbsp;what can one expect from India&rsquo;s largest company at&nbsp;it&rsquo;s&nbsp;44th&nbsp;AGM on June 24?&nbsp; &nbsp; Reliance: The Year That Was&nbsp;&nbsp; India&rsquo;s largest company displayed&nbsp;it&rsquo;s&nbsp;business grit to turn debt-free even in a pandemic. Keeping to his promise Mukesh Ambani steered Reliance into a zero-debt company by raising&nbsp;₹2.6 lakh crore ($36 billion); Reliance Retail raised Rs 47,265 crore for a 10.09%, while Jio Platforms garnered Rs 1.52 lakh crore from global investors including Google, Facebook and Intel.&nbsp;The stock of RIL has rallied 12.1 percent&nbsp;so far in 2021. In the last 12 months, it has&nbsp;climbed 34.4 percent.&nbsp; &nbsp; All Eyes on Aramco Deal&nbsp; Mukesh Ambani announced a possible stake sale&nbsp;of 20% in the oil-to-chemicals (O2C) business to Aramco but the deal remains delayed.&nbsp;Shareholders&nbsp;are expecting to hear details on the value unlocking as buzz increases that Aramco chief will get a seat on the RIL board&nbsp;&nbsp; &nbsp; The Jio Connect, 5G Phone &amp;&nbsp;JioBook&nbsp; Its&nbsp;all about the tech connect as Asia&rsquo;s richest man will look to sweep the market with a slew of announcements. Onlookers are keenly awaiting&nbsp;is Mukesh Ambani will finally launch the much talked about affordable 5G Android smartphone.&nbsp;During a virtual conference with select reporters from the Asia Pacific recently, Sundar Pichai mentioned that Google is working closely with the telecom giant to bring the promised "affordable" smartphone in India.&nbsp;&nbsp; Reliance Jio has already started trials on&nbsp;it&rsquo;s&nbsp;5G &ldquo;Made in India&rdquo; network&nbsp;is likely to announce kickstarting 5G services which might begin in late 2021.&nbsp; Tech watchers are also expecting the launch of the&nbsp;JioBook, the affordable laptop from the house of Reliance.&nbsp;&nbsp; &nbsp; Reliance&rsquo;s Rush&nbsp;For&nbsp;Retail&nbsp;&nbsp; Analysts at Goldman Sachs believe retail business (including e-commerce) is set to be the next growth engine for Reliance. They expect Reliance&rsquo;s core retail revenue to grow at a 36% CAGR over the next four years.&nbsp;JioMart&nbsp;is expected to launch new products like financial services, electronics to airline tickets which will put it in direct competition with upcoming Tata&nbsp;Superapp&nbsp;and other established players including&nbsp;PayTM, Amazon and Flipkart.&nbsp; &nbsp; Bonus Booster?&nbsp; Announcement over dividend declaration and bonus can also be expected in this AGM. Reliance likes to keep the market price of shares around ₹1,000 so the street anticipates it might get to see a 1:1 bonus announcement.&nbsp; &nbsp; How to watch the Reliance AGM 2021 live&nbsp; The annual general meeting of Reliance, whenever held physically in the last few years, marked the presence of at least 3,000 shareholders. In 2020, when it was held virtually, it witnessed 300,000 viewers across 42 countries and 468 cities, many of them using Reliance&rsquo;s own&nbsp;JioMeet video conferencing platform.&nbsp; &nbsp; &nbsp;

The much awaited RIL&nbsp;AGM&nbsp;scheduled on June 24 has a lot on the agenda for shareholders including potentially an Aramco&nbsp;representation on the RIL&nbsp;board.&nbsp;Reports state that&nbsp;Saudi Aramco&nbsp;Chairman&nbsp;Yasir Al-Rumayyan may be joining the&nbsp;board of&nbsp;Reliance Industries&nbsp;(RIL).&nbsp;Yasir Al-Rumayyan&nbsp;is also the Governor of&nbsp;of the Kingdom&rsquo;s wealth fund &mdash; Public Investment Fund (PIF) that has already&nbsp;picked up minority stake in Reliance Retail and Jio.Mukesh Ambani&nbsp;in 2019 has announced talks for the sale of 20% stake in the oil-to-chemical&nbsp;business to the world&rsquo;s largest oil exporter Aramco. The deal which has been delayed for undisclosed reasons was announced in the 2019 AGM.&nbsp; At the point the O2C biz was valued at $75 billion.&nbsp;&nbsp;

Reliance AGM: Here is what to expect from $15 billion proposed Aramco-RIL deal 

Over 3 million shareholders await keenly for the #RILAGM&nbsp;on June 24, The $15 billion #Aramco&nbsp;deal could finally kick off. Here is what to expect from #MukeshAmbani&nbsp;

The much awaited RIL&nbsp;AGM&nbsp;scheduled on June 24 has a lot on the agenda for shareholders including potentially an Aramco&nbsp;representation on the RIL&nbsp;board.&nbsp; Reports state that&nbsp;Saudi Aramco&nbsp;Chairman&nbsp;Yasir Al-Rumayyan may be joining the&nbsp;board of&nbsp;Reliance Industries&nbsp;(RIL).&nbsp;Yasir Al-Rumayyan&nbsp;is also the Governor of&nbsp;of the Kingdom&rsquo;s wealth fund &mdash; Public Investment Fund (PIF) that has already&nbsp;picked up minority stake in Reliance Retail and Jio. Mukesh Ambani&nbsp;in 2019 has announced talks for the sale of 20% stake in the oil-to-chemical&nbsp;business to the world&rsquo;s largest oil exporter Aramco. The deal which has been delayed for undisclosed reasons was announced in the 2019 AGM.&nbsp; At the point the O2C biz was valued at $75 billion.&nbsp; &nbsp;

Ambani and Armaco are back at the discussion table to negotiate&nbsp;cash, share-swap deal for 20% stake in RIL&rsquo;s energy operations as per reports.&nbsp;Financial Times reports the Saudi Kingdom was weighing paying for the deal with Saudi Aramco&rsquo;s shares at first and then staggered cash payments over several years as per unnamed sources.&nbsp;
The world&rsquo;s biggest oil company&nbsp;Saudi Aramco&nbsp;had made a public statement that they are looking to sell 1% stake to a global energy firm earlier this week. Reliance has already set the stage as it&nbsp;demerged its oil-to-chemical business as a separate subsidiary in which Aramco is expected to pick up stake.
&nbsp;

Ambani, Aramco discuss deal, likely sale of 20% stake in RIL's energy operations

World's biggest oil company and India's richest man discuss cash and share stake deal. Aramco likely to pick up 20% stake in Mukesh&nbsp;Ambani's&nbsp;Reliance Industries' energy operations.&nbsp;

Ambani and Aramco back at the deal table

<ul>
<li>Aramco and Reliance discuss stake sale in RIL's&nbsp;energy operations&nbsp;</li>
<li>RIL likely to sell 20% stake to Saudi Aramco: Reports</li>
<li>FT: Aramco&nbsp;likely to pay Reliance via shares of Aramco&nbsp;first then cash&nbsp;</li>
<li>Aramco: Likely to sell 1% stake in firm to global energy firm</li>
<li>Reliance has already demerged&nbsp;oil-to-chemical business&nbsp;</li>
</ul>

Ambani and Armaco are back at the discussion table to negotiate&nbsp;cash, share-swap deal for 20% stake in RIL&rsquo;s energy operations as per reports.&nbsp; Financial Times reports the Saudi Kingdom was weighing paying for the deal with Saudi Aramco&rsquo;s shares at first and then staggered cash payments over several years as per unnamed sources.&nbsp;
The world&rsquo;s biggest oil company&nbsp;Saudi Aramco&nbsp;had made a public statement that they are looking to sell 1% stake to a global energy firm earlier this week. Reliance has already set the stage as it&nbsp;demerged its oil-to-chemical business as a separate subsidiary in which Aramco is expected to pick up stake.
&nbsp;

aramco

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